Where's the Dow headed from here?

Periodically, some investors, large and small, find it useful to take a step back and analyze the market using a variety of methodologies.

The 8,000 level has been breached. In fact, at this juncture, with the Dow in the 7,500-range, the 8,000-level looks like a distant memory.

For those investors who may not follow indices closely, the 8,000-level had psychological but not technical support -- the latter measures such things as the number of investors who are buying and selling, whether investors are committing new money to the market, and other factors.